$BTC Analysis...Will The bull get out alive before the 1W Close
September 11, 2021
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Mid-Term: Bullish
Short-Term: Bullish
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Price action has just turned around short term, as new buyers have unexpectedly entered the market slightly pushing price up to above $45,000 (an intra-day safe zone).
Even though volatility could f*ck things up for the bulls in the next couple of days, bulls have a slightly higher chance of getting out alive then bears before the weekly close.
Bullish divergences are getting more and more noticeable on the 4H chart, meaning we could potentially get one last lower low below $44,000 before a much stronger push up and potential break above $48,000.
Up Probability: 57% - Down: 43%
--------------------
Mid-Term: Bullish
Short-Term: Bullish
--------------------
Price action has just turned around short term, as new buyers have unexpectedly entered the market slightly pushing price up to above $45,000 (an intra-day safe zone).
Even though volatility could f*ck things up for the bulls in the next couple of days, bulls have a slightly higher chance of getting out alive then bears before the weekly close.
Bullish divergences are getting more and more noticeable on the 4H chart, meaning we could potentially get one last lower low below $44,000 before a much stronger push up and potential break above $48,000.
Up Probability: 57% - Down: 43%
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